---
title: ""The Federal Reserve stepped into financial markets Thursday for the…"
date: 2020-03-12
source: facebook
type: Archer T. Ships shared a link.
---

# "The Federal Reserve stepped into financial markets Thursday for the…

*March 12, 2020 · Facebook*

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[https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.PostToFacebook](https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToFacebook){target="_blank"}
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\"The Federal Reserve stepped into financial markets Thursday for the second day in a row and the third time this week, this time dramatically ramping up asset purchases amid the turmoil created by the coronavirus.\
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"These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak," the New York Fed said in an early afternoon announcement amid a washout on Wall Street that was heading toward the worst day since 1987.\"
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